What is a 1031 Exchange?
With extensive market expertise and coast-to-coast connections, Upland will streamline your 1031 property search and help navigate the complexities of 1031 exchanges while delivering quality replacement properties that align with your investment goals.
Is there more than one type of 1031 Exchange?
Yes! There are several 1031 Exchange options available. The more common of these are:
Delayed Exchange
You sell a property first, buy a property later, but your property must be replaced within 180 days of closing
Reverse Exchange
You can buy a property today to replace a property yet to be sold, also within 180 days of purchase.
The Exchanger has 45 days from the date of closing to identify replacement properties.
The Exchanger has 180 days from the date of closing to purchase one of the identified properties.
What Qualifies as a 1031 Exchange?
Any “Like-Kind” property may be swapped. In other words any property held for productive use in a trade, business or for investment may be exchanged for like-kind property.
Three Identification rules of 1031 Exchange
One
Indentify a max of 3 properties at any value with the intent to purchase at lease 1.
Two
Identify a minimum of 4 properties as long as the value do not exceed 100% of the relinquished property.
Three
Identify more than 3 properties with a value exceeding 200% of the relinquished property, knowing 93% of what is identified must be purchased.